Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
SPX Candle Review of the First Half of 2015
Q2 of 2015 closed today (Tuesday, June 30th). The following describes candle action, to date, in four timeframes — namely, Yearly, Quarterly, Monthly, and Weekly timeframes.
Each candle shown on the following chart of the SPX represents One Year.
The first half of this year is depicted by a “doji,” as of the close on June 30th — spelling “indecision” by this equity market. So far, the close is a mere 4.21 points higher than its open on January 2nd…not much of a gain in six months…no surprise, since price has been held back by the 161.8% External Fibonacci Retracement level (taken from the last major swing high in 2007 to the 2009 low), which is a typical major Fibonacci profit-taking level.
Each candle on this next chart of the SPX represents One Quarter of One Year. (more…)
Old Faithful Update
